Pacific Wildcat Resources Corp. (TSX VENTURE:PAW) ("PAW" or the "Company")
announces that as a result of a review by the British Columbia Securities
Commission (the "BCSC") we are issuing the following news release to clarify and
retract certain of our technical disclosure which was disclosed prior to the
Company's press release dated July 29, 2013 (the "July 2013 News Release").




1.  The Corporate Presentation titled "A Strategic Minerals Company" dated
    June 21, 2013 (the "Presentation"), the Company's website and the Rare
    Earth Elements Newsletter Research Report (the "Newsletter") dated March
    19, 2012; an article from the East African Business Daily Newspaper (the
    "African News Article") dated April 11, 2012 entitled "Sourcing prices
    of rare earth minerals rally investors to scale up prospecting"; and an
    article distributed by the Chinese Xinhua News Agency (the "Chinese News
    Article") dated July 19, 2013 entitled "Mining firm confirms mineral
    deposits in Coastal Kenya", which were linked to the Company's website
    incorrectly refer to total rare earth oxide as a current resource or
    reserve estimate, and includes quantity and fixed grades with respect to
    same. The Company wishes to retract all such disclosure and all such
    references and documents have been removed from the Company's website.
    The July 2013 News Release, announced a Rare Earth resource estimate of
    48.7 million tonnes at 4.40% Total Rare Earth Oxide "TREO" (Indicated
    Classification) plus 110.7 million tonnes at 3.61% TREO (inferred
    Classification) (greater than 1.0% TREO cut off). The Company wishes to
    clarify that mineral resources are not mineral reserves and do not have
    demonstrated economic viability. There is no certainty that all or any
    part of the estimated mineral resource of the Mrima Hill Project will be
    converted into mineral reserves.

2.  The Kenyan News Article, the Chinese News Article and an article in the
    African Journalist dated July 21, 2013 (the "African Journalist
    Article") entitled "Canadian Mining Group Discovers Large Deposit of
    Rare Earth Metals in Kenya" which were linked to the Company's website
    reference the gross in-situ metal value of niobium and rare earths in
    respect of the Mrima Hill Project, contrary to NI 43-101 requirements,
    which prohibit the disclosure of the gross value of metal or metals in a
    deposit. The Company retracts all disclosure regarding the gross value
    of in-situ metals, and these articles have been removed from the
    Company's website. The Company cautions that any disclosure of the gross
    in-situ value of a mineral deposit is meaningless and may be misleading,
    because it fails to take into consideration operating and capital costs,
    recoveries, smelter costs and other factors relating to the potential
    mining, extraction and recovery of minerals. 

3.  The Presentation, the Newsletter, the African News Article and the
    Chinese News Article which were linked to the Company's website and the
    Company's press release dated July 25, 2013 disclosed that "Inaugural NI
    43-101 Compliant Rare Earth Resource commenced targeting 30 to 40 Mt @ 4
    to 5% Total Rare Earth Oxide ("TREO"), and disclosed quantity and grade
    ranges as an exploration target without providing the cautionary
    language required by National Instrument 43-101 - Standards of
    Disclosure for Mineral Projects ("NI 43-101"). Such disclosure by the
    Company of a potential rare earths exploration target was not in
    compliance with NI 43-101. The Presentation, the Newsletter, the African
    News Article and the Chinese News Article linked to the Company's
    website with respect to same have been removed from the Company's
    website. The July 2013 News Release announced an independent Rare Earth
    mineral resource estimate of 48.7 million tonnes at 4.40% Total Rare
    Earth Oxide "TREO" (Indicated Classification) plus 110.7 million tonnes
    at 3.61% TREO (inferred Classification) (greater than 1.0% TREO cut
    off). 

4.  The Presentation and the Newsletter made reference to a current inferred
    resource estimate of 12 million tonnes grading 1.2% Nb2O5 in a high-
    grade core of the deposit, and disclosed this as a focus of "potential
    development studies". The Company wishes to clarify that such disclosure
    was not intended to establish a new base-case resource for the purpose
    of future economic analysis, and the Presentation should have disclosed
    that a portion of the resource has higher grade niobium, with 12 million
    tonnes of inferred mineralization grading at 1.21% Nb2O5. The July 2013
    News Release announced that the inferred mineral resource contained in
    the Company's independent technical report titled "Initial Niobium
    Resource Estimate - Mrima Hill Rare Earth/Niobium Project in Southern
    Kenya" dated August 15, 2011 as revised on September 30, 2011 has been
    superseded with a high grade Indicated Resource estimate of 5.8 million
    tonnes at 1.41% Nb2O5 plus Inferred Mineral Resource estimate of 17.5
    million tonnes at 1.41% Nb2O5 (greater than 1% Nb2O5 cut off). The
    Company anticipates that a new technical report (the "2013 Report") to
    support the updated mineral resource on the property will be filed on
    SEDAR on or before September 12, 2013.

5.  The Chinese News Article and an article in the Daily Nation Newspaper,
    Kenya dated May 12, 2012 entitled "SA firm to invest Sh200 million to
    explore minerals in Kwale" (the "Kenyan News Article") which were linked
    to the Company's website used the term "ore" and disclose planned mine
    development which implies positive economics. The use of such term and
    the making of such statements are misleading as mineral reserves have
    not been reported and the Company has not yet completed a preliminary
    economic assessment ("PEA") or mining study on the Mrima Hill Project.
    The Chinese News Article and the Kenyan News Article linked to the
    Company's website have been removed. The Company's July 2013 News
    Release announces that the Company is planning to rapidly advance
    metallurgical work and anticipates completing an inaugural PEA for the
    Mrima Hill Project by the end of 2013. 

6.  The Company confirms it is completing a comprehensive update of its
    website over the coming seven days. 

7.  The Company intends to file an independent technical report to support
    the updated increase in mineral resources on the Mrima Hill Project as
    announced in it press release dated July 29, 2013 on or before September
    12, 2013, as required under NI 43-101.



The July 2013 News Release disclosed a zone of High Grade Niobium and Total Rare
Earth Oxides on the Mrima Hill Project of 22.6 million tonnes at 1.20% Nb2O5 and
5.56% TREO which disclosure was not compliant with NI 43-101 as the required
mineral resource classifications were not provided. The Company restates the
combined estimate as follows. The current mineral resource estimate includes a
combined zone of high grade Niobium and Total Rare Earth Oxides consisting of
(indicated classification) 5.8 million tonnes at 1.11% Nb2O5 (greater than 0.7%
Nb2O5 cut off) and 5.6% TREO (greater than 4.1% TREO cut off) plus (inferred
classification) 16.7 million tonnes consisting of 1.22% Nb2O5 (greater than 0.7%
Nb2O5 cut off) and 5.53% TREO (greater than 4.1% TREO cut off). 


QUALIFIED PERSON

The scientific mineral resource estimate contained in the July 2013 News Release
was completed by Mr. Benjamin C. Pollard, BSc - Mineral Exploration and Mine
Geology. MAIG, principal geologist of BMGS Perth Pty Ltd (BMGS). Mr. Pollard is
an independent Qualified Person under NI 43-101 - Standards of Disclosure for
Mineral Projects ("NI 43-101") of the Canadian Securities Administrators, and
Mr. Pollard has verified the data disclosed in this release. Mr. Pollard will
prepare the NI 43-101 report, which will be filed on SEDAR on or before
September 12, 2013. 


ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFIC WILDCAT RESOURCES CORP.

Darren Townsend, President & CEO

About Pacific Wildcat Resources Corp. - Pacific Wildcat is a TSX Venture
Exchange listed Canadian mineral exploration company having the trading symbol
"PAW". PAW owns 100% of Stirling Capital Ltd and Cortec Pty Ltd, two UK
companies that between them own a 70% interest in Cortec Mining Kenya Limited, a
Kenyan company which has the mining rights to the Mrima Hill Niobium and Rare
Earth Project in Kenya. In July 2013 the Company completed an updated
independent Niobium Resource estimate for 47.8 million tonnes at 0.66% Nb2O5
(Indicated Classification) plus 94.4 million tonnes at 0.73% Nb2O5 (Inferred
Classification) at a 0.2% Nb2O5 cut-off for a total of 2.22 billion pounds
contained Nb2O5. In July 2013 the Company completed an inaugural independent
Total Rare Earth Resource estimate for 48.7 million tonnes at 4.44% TREO
(Indicated Classification) plus 110.7 million tonnes at 3.61% TREO (Inferred
Classification) at a 1% TREO cut-off for a total of 6.14 million tonnes of
contained TREO. For information about Pacific Wildcat Resources Corp. and its
development and exploration activities shareholders and other interested parties
are invited to visit the company's website at www.pacificwildcat.com.


Investors are cautioned that trading in the securities of Pacific Wildcat
Resources Corp. should be considered highly speculative. The TSX Venture
Exchange has neither approved nor disapproved the contents of this press
release. Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. Cautionary note:
This press release contains forward looking statements, particularly those
regarding cash flow, capital expenditures, the completion of certain financings,
work programs, the estimation of mineral resources and the Company's plans with
respect to the exploration and development of its projects and its investment
plans. By their nature, forward looking statements involve risk and
uncertainties because they relate to events and depend on factors that will or
may occur in the future. In particular, there can be no assurance that the
Private Placement will complete. Actual results may vary depending upon
exploration activities, industry production, commodity demand and pricing,
currency exchange rates, and, but not limited to, general economic factors.
There can be no assurance that the Company will be able to obtain all the
permits that are required in order to commence mining operations at the Mrima
Hill Project.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pacific Wildcat Resources Corp.
Terese Gieselman
Company Secretary/Chief Financial Officer
+1-250-768-0009
info@pacificwildcat.com
www.pacificwildcat.com

Pacific Wildcat Resources Corp. (TSXV:PAW)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024 Pacific Wildcat Resources Corp. 차트를 더 보려면 여기를 클릭.
Pacific Wildcat Resources Corp. (TSXV:PAW)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024 Pacific Wildcat Resources Corp. 차트를 더 보려면 여기를 클릭.